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79 Penn Street

Penns Grove, NJ 08069

– beds
– baths
3,033 sqft
5,934 sqft lot
$72 per sqft
1940 build

Completely renovated in 2019, this duplex features a new roof, new HVAC, new siding, new electrical and new plumbing, along with bathrooms and a complete interior overhaul. Each side boasts 4 bedrooms and 2 bathrooms, providing ample space and comfort for tenants. Unit 79 rents for $1300/month, while Unit 81 commands $1600/month, totaling $2900/month in rental income or $34,800 annually. After deducting $5858 in taxes, $1240 in sewer, and $1590 in insurance annually, the Net Operating Income (NOI) remains strong at over $26,000 per year! Perfect for investors seeking turnkey rental properties with proven income potential. Showings are by appointment only due to tenants occupying the premises. Schedule a showing today!

Listing courtesy of BRIGHT / Lamb Realty

Last checked: Checking… • Last updated Apr 26, 2024 •

MLS# NJSA2010778 —

The Building

Year Built:

1940
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Vinyl Siding
Structure Type:

Twin/Semi-Detached
Architectural Style:

Colonial
Building Levels:

4
Building Units Total:

2
Roof:

Shingle
Accessibility Features:

2+ Access Exits
Foundation Details:

Block
Basement:

Yes
Basement Type:

Full
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

3033

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

3033
Living Area SqFt:

3,033 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional, Other, Private
Possession:

Immediate

Location

Directions:

Penn Street
Latitude:

39.73551559
Longitude:

-75.47209167

The Property

Property Type:

Multi-Family
Property Subtype:

Duplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.14
Lot Size Source:

Estimated
Lot Size Dimensions:

46.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

5,934 Sqft
Exclusions:

Tenant's personal property.
Zoning:

RES
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

08-00052-00001 01
Tax Year:

2023
Tax Lot:

00001 01
Tax Annual Amount:

$5,858
Tax Assessed Value:

$109,300
Year Assessed:

2023
Total Taxes Payment Frequency:

Annually

The Listing

Transaction Broker Compensation:

1
Buyer's Brokerage Compensation:

2.5%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent
Remarks - Buyer Agency Compensation:

Buyer agency compensation is 2.5% minus what you charge.

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Natural Gas Available

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

Penns Grove Carneys Point Schools
School District Source:

Listing Agent

The Community

Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/24/24 Apr 24, 2024	Listed / Active	BRIGHT	$219,900

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This multifamily located in Penns Grove, NJ 08069 is currently for sale for $219,900. 79 Penn Street is a 3,033 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Field Street School, P.W. Carleton School, Penns Grove Middle School, Lafayette Pershing School, and Penns Grove High School.

Listing Courtesy of: BRIGHT and Lamb Realty.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.